The stock index S&P 500 completes the trading week at the level of 2399.0. The S&P 500 is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the S&P 500. A test of the upper limit of the Ichimoku Cloud near the level of 2360.0 is expected, from which it is expected to try to grow and develop the bullish trend at the S&P 500 stock index with the aim of growth to the level of 2460.0.
Ichimoku Kinko Hyo S&P 500 Forecast May 8 — 12, 2017
Earlier, a medium strength signal was obtained for the purchases of the S&P 500 Stock Index, due to crossing of the signal lines at the level of 2364.0. The cancellation of the variant of growth will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 2330.0, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the Exchange’s index S&P 500 is with the breakdown of the local maximum area at the level of 2420.0.
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